First Horizon Advisors Inc. purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,000 shares of the company’s stock, valued at approximately $108,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $323,337,000. Aristeia Capital L.L.C. grew its holdings in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Sculptor Capital LP increased its position in shares of iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after buying an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after buying an additional 2,486,608 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth about $56,965,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ IBIT opened at $56.49 on Friday. The company’s 50-day moving average price is $40.50 and its 200 day moving average price is $37.42. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $56.86.
iShares Bitcoin Trust Profile
The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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